Mass Market Artificial Intelligence ChatGPT Passes Elite Business School Exam

ChatGPT is a mass-market platform artificial intelligence OpenAI has launched a chatbot called Chatbot. graduate-level Business exam at the University of Pennsylvania’s Wharton School.

This language processing tool has become a viral hit in the last weeks. Knowledge workers have been using it to write emails and debug code in minutes. Research paper Christian Terwiesch, Wharton’s operations management professor, stated that ChatGPT got a grade between B- and B- on the final exam typically given to MBA students.

ChatGPT shows “a remarkable ability to automate some of the skills of highly compensated knowledge workers in general and specifically the knowledge workers in the jobs held by MBA graduates,” According to the paper. “It does an amazing job at basic operations management and process analysis questions including those that are based on case studies. Not only are the answers correct, but the explanations are excellent.”

According to a study, ChatGPT is used by approximately 27% professionals in prominent financial, technology, consulting and other services firms. survey From Fishbowl. ChatGPT can formulate simple responses to users’ search queries; as a result, some have speculated that artificial intelligence chatbots could pose a significant threat to Google Search. OpenAI announced Microsoft announced Monday that it would invest billions of dollars more in the solution to meet the demand for investments in 2019/2021.

Terwiesch explained that ChatGPT performance had still some serious flaws. The system was very efficient. “surprising mistakes in relatively simple calculations” These were common at the sixth-grade level of math. “massive in magnitude,” While the current version is available “is not capable of handling more advanced process analysis questions, even when they are based on fairly standard templates.”

ChatGPT was able to fix itself after receiving a tip from a human expert. “This has important implications for business school education, including the need for exam policies, curriculum design focusing on collaboration between human and AI, opportunities to simulate real world decision making processes, the need to teach creative problem solving, improved teaching productivity, and more,” The paper was also added.

Terwiesch described ChatGPT’s answers as “short and sweet” “superbly explained,” Addition: “simple user experience and the great answer put me in a state of awe, and I am sure it has impressed many users before me.” He concluded that he had given incorrect answers. “we still need a human in the loop.”

While discussions about technological unemployment have centered on blue-collar workers losing their jobs to automated robotics solutions over the past few decades, ChatGPT has brought up similar questions for white-collar professionals. Paul Krugman, a New York Times columnist and economist, recently wrote about the topic. wrote Artificial intelligence “may be able to perform certain knowledge-based tasks more efficiently than humans, potentially reducing the need for some knowledge workers.”

Krugman, along with other commentators, have also acknowledged that ChatGPT, and similar solutions, can speed up menial tasks for knowledge workers and increase their overall productivity. Various lists ChatGPT has been used by users to summarize long documents, build study guides, translate articles, and many other uses have been reported on the internet.